Form 4: PotlatchDeltic CFO Wayne Wasechek Sells Shares Due to 401(k) Plan Changes

Wayne Wasechek, CFO of PotlatchDeltic Corp, sold 1,922 shares of common stock due to the discontinuance of the company's common stock fund as an investment option under the 401(k) plan.

Summary

• Wayne Wasechek, the VP and Chief Financial Officer of PotlatchDeltic Corp, reported a transaction involving the company's common stock on September 4, 2024.
• He sold 1,922 shares of common stock at a weighted average price of $42.53 per share, with prices ranging from $42.49 to $42.58.
• The sale was related to the discontinuance of PotlatchDeltic's common stock fund as an investment option within the company's 401(k) plan.
• The proceeds from the sale were reinvested into an alternative investment option within the 401(k) plan.
• Following the transaction, Wasechek directly owns 0 shares and indirectly owns 21,466.753 shares through the 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider stock sale due to a change in the company's 401(k) plan. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This particular transaction appears to be related to changes in the company's 401(k) plan, which is a common occurrence.

Stakeholder Impact

• The sale of shares by the CFO may have a minor impact on shareholders, but it is primarily driven by changes in the 401(k) plan and not necessarily a reflection of the company's performance.

Key Dates